Tuesday, October 26, 2010

Health Care Bill HR3590 - #2330 - Congressional Report Obamacare Costs America Nearly 800,000 Jobs - Redstate

Today brings us the latest report from Senators Coburn and Barrasso, the two Republican physicians who’ve been doggedly following up on all the things we were promised about Obamacare, particularly the ones that have already turned out to be flat-out lies (”The gall!” shrieks a Democrat Hill staffer). Much of the report is based on combining the findings of the nonpartisan Congressional Budget Office (CBO) and news reports following up with people who’ve already felt the law’s impact. Central to this issue: the impact of the legislation on America’s unemployment picture. Remember when Nancy Pelosi promised the health care bill would create four million jobs — “400,000 of them almost immediately?” Let’s go to the videotape. In view of what we now know about Obamacare, if you can stomach watching Nancy Pelosi go on and on and on, about the wonderful merits of all the jobs saved, please watch.....

In response, Coburn and Barrasso find: The CBO “estimates that the legislation, on net, will reduce the amount of labor used in the economy by a small amount—roughly half a percent—primarily by reducing the amount of labor that workers choose to supply”, which is more than 788,470 employees.  Read more.........

Turns Out Obamacare Really Might Undermine Employer Health Coverage - The Blaze - The new health care law wasn’t supposed to undercut employer plans that have provided most people in the U.S. with coverage for generations. But last week a leading manufacturer told workers their costs will jump partly because of the law. Also, a Democratic governor laid out a scheme for employers to get out of health care by shifting workers into taxpayer-subsidized insurance markets that open in 2014. While it’s too early to proclaim the demise of job-based coverage, corporate number crunchers are looking at options that could lead to major changes. “The economics of dropping existing coverage is about to become very attractive to many employers, both public and private,” said Gov. Phil Bredesen, D-Tenn. Read more.......

Goodies for Artists Buried in Obamacare - American Thinker - Nancy Pelosi told us we would have to "pass the bill so we can know what's in it" -- and indeed she was right. Apparently, bending the cost curve down on health care costs includes student loan forgiveness for certain members of the arts community. See this stunning entry from my wife's copy of the latest "Watercolor Artist" magazine. (no online version available that we know of). This one little program wreaks of redistribution, social engineering and bribing folks to avoid the free enterprise system all under the guise of making health care available to everyone.  From the October 2010 edition, pg 13, in it's entirety.   NEWS FLASH: Student Loan Forgiveness for the Arts -  Good news for those who work in the nonprofit or public arts and still carry student loans or employ those who might. Some of your debt might be eligible to be "forgiven" by the government. Under the health care reform legislation passed in February in the United States, the Public Service Loan Forgiveness Program was established to encourage individuals to seek out employment and remain employed full time in public service organizations. The deal is that the remaining balance of federal direct loans would be forgiven after the borrower has made 10 years of monthly payments (beginning after Oct 1, 2007) while employed full time by a public service organization. Find all of the details at http://studentaid.ed.gov.  This nauseating development should be yet another nail in the coffin in the argument that this health care legislation was about anything other than expanding government largess and governmental control of our lives. If you know anyone who still doubts this, forward this to them.

No comments:

Post a Comment